With cryptocurrencies, we have an aggregate market cap up more than 2,100% since the year began, along with the belief that blockchain will be readily integrated by big businesses. If those businesses don't welcome blockchain with open arms immediately, we could witness yet another precedent of a bubble bursting.

There are also worries about integrating this new technology into the fold. While it could allow for quicker cross-border transactions and added security for the financial services industry, there's no guarantee of a quick transition to blockchain.

Additionally, blockchain offers user control and transparency. Rather than letting a third-party control the future of a cryptocurrencies' blockchain, members of a cryptocurrencies' community are who call the shots with regard to future development.

Business Accepting Cryptocurrencies see increased profits and new clients

Worldwide there are around 4,000,000 retailers who accept bitcoins.

The first US-based online travel agency to take Bitcoin as a form of payment was CheapAir.com and they processed approximately $15 million in bitcoin payments for flights and hotels at the very first 6-months of starting to accept Bitcoin.

Lower Transaction Fees

Main reason so many businesses have started to accept payments from clients in cryptocurrencies is that it lowers their transaction fees.

In comparison to credit card and debit card payments which Usually charge between 3-5% for every purchase made with a card, Cryptocurrency offers lower transaction fees ranging from a few cents No matter the amount purchased to a maximum of abut 1% of the purchase price.

Why accept payments in Crypto?

AAccepting cryptocurrency as a payment method on your website opens up new opportunities for your business.

Enhanced transactional security

Cryptocurrency payments are supported on a Blockchain platform using a multi-level encryption to make sure that your funds are secure.

Protection from consumer chargebacks

Once a crypto payment was made, the transaction is final. It can't be reversed by the client.

Decentralized System

Crypto only works on the internet; there is not any third party controlling them, there are no hidden charges, and the conditions of service are simple and clear.

Quick International Transfers

Cryptocurrency transfers are often quick; take a couple of minutes. This is contrary to traditional payment methods like wire transfers where a payment transaction can take a couple of days.

Low Fees

Since cryptocurrency is decentralized, the transactions fees are minimal. By accepting crypto payments, retailers can decrease their trade fees to less than 1%.

Protection from fraud

The problem with wire transfers and credit cards is they're vulnerable to identity theft.

Cryptocurrency Risks for bussiness

All good things do come with a little bit of risk, and cryptocurrency is no exception.

Facts

The volatility of cryptocurrency often depends on the policy it receives on social networking and in the press.

The decentralized ledger cryptocurrency is supported by is somewhat frightening to many authorities and financial institutions.

Mainstream adoption of Bitcoin may not be right around the corner, but it's in the works.

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Articles about Crypto payments

CRYPTO CURRENCIES

When people hear the word crypto, what is it that usually comes to mind? Many people have different definitions of what the term cryptocurrency means and so many definitions are talking about the same thing and the same structure. In this article, a cryptocurrency would be defined categorically as a kind of digital currency that makes use of techniques and methods such as encryption so as to generate different types of units of currency for the purpose of buying and selling, transferring between banks and also operating a central bank. Make no mistake, that cryptocurrencies can neither be touched, felt or seen.

WHAT ARE CRYPTO CURRENCIES?

They are only put into units and structures for people to own and make use of. The same way you take an amount of money in the market to purchase things, so also, you can use your cryptocurrencies to purchase goods in the market but online. There are some cryptocurrencies that are called bitcoin; this cryptocurrency is used for the purpose of buying and selling majorly, and it comes in various bills, as long as it is the one you want. Some people can deal bitcoins in Euro and make their earnings in Naira.
People can also make use of bitcoin as a monetary value to get things for themselves that they would ordinarily get from stores or from the marketplace. The bitcoin is also a way of saving money for yourself, and if you want, you save it in other bills, depending on what you want to use the bill to do. There are some bills that are used to purchase things in specific countries, and cryptocurrencies allow you the ability to buy things that are not even sold in your own country, with the same country's bill. Over the years, people have come up with methods and ways by which cryptocurrencies have saved their lives and saved their earnings.
Finally, a cryptocurrency is known to digitally assigned to function in the area of exchange which is also known as a batter or buying and selling in the modern world. You can also use cryptocurrencies to transfer funds to members of your family in and out of your country for various locations. Cryptocurrencies are available in all parts of the world for easy access to the people. There is one particular functionality of cryptocurrencies as it can also be used to purchase drugs online that would not be ordinarily sold in pharmacies or stores.
Some of the sale of the drugs like Kamagra, Vidalista 60, and Cenforce 100 can be bought with the use of cryptocurrencies. These drugs are used by people who have a medical problem known as Erectile Dysfunction. One can buy Cialis online or purchase Cenforce 100 and Kamagra online with the use of cryptocurrencies.

Cryptocurrencies function in diverse ways and help to balance an economy by all means.

Become a Small Business of the Future!

Accept cryptocurrency, like Bitcoin will rocket your small business into the future. You will enjoy the benefits and attract new customers eager to pay with crypto. You'll also be a step ahead of your business competitors if they have not already adopted digital money as a payment option. How are you going to utilize Bitcoin to grow your business?